Technical Roundup on Biotech Stocks -- Juno Therapeutics, Cellectar Biosciences, Titan Pharma, and Rexahn Pharma

Aug 09, 2016, 09:43 ET from Chelmsford Park SA

NEW YORK, August 9, 2016 /PRNewswire/ --

Sentiments over the Biotech industry have improved in previous weeks on confidence over drug pipelines and better global conditions. However, stocks are still down 13% this year. Today, reviews four names to see how they have performed recently: Juno Therapeutics Inc. (NASDAQ: JUNO), Cellectar Biosciences Inc. (NASDAQ: CLRB), Titan Pharmaceuticals Inc. (NASDAQ: TTNP), and Rexahn Pharmaceuticals Inc. (NYSE MKT: RNN). Sign up today and download for free the research reports for the stocks covered today at:

Juno Therapeutics  

Seattle, Washington headquartered Juno Therapeutics Inc.'s stock finished Monday's session at $32.69, climbing 3.91%. A total volume of 2.31 million shares traded, which was above their three months average volume of 2.05 million shares. Over the last month, the Company's shares have gained 17.55%. The stock is trading below its 50-day moving average by 11.68%. Moreover, shares of Juno Therapeutics, which engages in developing cell-based cancer immunotherapies, have a Relative Strength Index (RSI) of 49.36.

On August 4th, 2016, Juno Therapeutics announced that it has entered into an exclusive license agreement with Memorial Sloan Kettering Cancer Center (MSK) and Eureka Therapeutics, Inc. for a novel, fully-human binding domain targeting B-cell maturation antigen (BCMA), along with binding domains against two additional undisclosed multiple myeloma targets to be used for the potential development and commercialization of chimeric antigen receptor (CAR) cell therapies for patients with multiple myeloma. The binding domains were developed under a collaboration agreement between Eureka Therapeutics and MSK. The parties expect the BCMA CAR to enter human testing as early as 1H2017.

On August 05th, 2016, research firm Maxim Group reiterated its 'Buy' rating on the Company's stock while it decreased the target price of the stock from $80 a share to $50 a share. JUNO complete research report is just a click away at:

Cellectar Biosciences  

Shares in Madison, Wisconsin headquartered Cellectar Biosciences Inc. ended yesterday's session 2.31% higher at $2.66 with a total volume of 54,850 shares traded. The stock has surged 82.19% in the previous three months. The Company's shares are trading 16.25% below their 50-day moving average. Moreover, shares of Cellectar Biosciences, which engages in the development of targeted phospholipid drug conjugates (PDCs) for the treatment and imaging of cancer, have an RSI of 41.72.

On August 3rd, 2016, Cellectar Biosciences announced that it has received the second phase of a National Cancer Institute Fast-Track Small Business Innovation Research contract award in the amount of $2 million to support funding of a Phase 2 clinical study of the company's lead product candidate, CLR 131, for the potential treatment of hematologic malignancies, including multiple myeloma. The complimentary report on CLRB can be downloaded at:

Titan Pharma  

On Monday, South San Francisco, California-based Titan Pharmaceuticals Inc.'s stock rose 1.38%, to close the day at $5.13 and with a total volume of 136,843 shares traded. The Company's shares have advanced 15.54% on an YTD basis. The stock is trading 6.88% above its 200-day moving average. Additionally, shares of Titan Pharmaceuticals, which develops proprietary therapeutics for the treatment of serious medical disorders in the US, have an RSI of 46.19.

On August 3rd, 2016, Titan Pharmaceuticals announced that it will host a live conference call at 4:15 p.m. EDT on August 9th, 2016 to discuss the company's financial results as of June 30th, 2016. The call will be hosted by Sunil Bhonsle, President and CEO; Kate Beebe, Ph.D., Executive Vice President and Chief Development Officer; Brian Crowley, Vice President of Finance; and Marc Rubin, M.D., Executive Chairman. Highlights of the second quarter will be included in a press release to be issued prior to the call. Sign up for your complimentary report on TTNP at:

Rexahn Pharma  

Shares in Rockville, Maryland-based Rexahn Pharmaceuticals Inc. ended the day 0.62% lower at $0.27 with a total volume of 375,396 shares traded. The stock has gained 7.27% in the last one month. The Company's shares are trading above their 50-day moving average by 1.09%. Furthermore, shares of Rexahn Pharmaceuticals, which discovers, develops, and commercializes treatments for cancer, have an RSI of 59.22.

On August 8th, 2016, Rexahn Pharmaceuticals reported net loss of $1.8 million, or $0.01 per share, for the three months ended June 30th, 2016, compared to a net loss of $3.2 million, or $0.02 per share, for the three months ended June 30th, 2015. The company's research and development expenses were $2.2 million for the three months ended June 30th, 2016, compared to $3.2 million for the three months ended June 30th, 2015. Download the research report for free on RNN at:


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